Why is Reliable Ventur. falling/rising?

As of 23-Oct, Reliable Ventures India Ltd is experiencing a price increase, currently at Rs 22.89, reflecting a rise of Rs 1.64 or 7.72%. The stock has shown a notable performance today, having outperformed its sector by 8.61% and marking a trend reversal after five consecutive days of decline. It reached an intraday high of Rs 24.25, representing a significant increase of 14.12%. Despite this positive movement, the stock has exhibited high volatility with an intraday fluctuation of 6.69%. Additionally, while the stock's performance over the past week shows a gain of 3.34%, its year-to-date return is relatively modest at 0.53%, indicating mixed performance against the benchmark Sensex, which has risen by 8.21% year-to-date. There is a concerning drop in investor participation, with delivery volume plummeting by 99.6% on 21 October compared to the five-day average, which may impact future price stability.
Broader Market Context: In the short term, Reliable Ventures has outperformed the Sensex, which only increased by 1.30% over the past week, while Reliable Ventures gained 3.34%. This suggests that the stock is currently gaining traction relative to the broader market. However, the overall year-to-date performance indicates that while the stock has had some recent gains, it has not kept pace with the benchmark's stronger performance. The high volatility and falling investor participation could pose risks to sustaining this upward momentum, highlighting the need for cautious optimism among investors.